$3,100+ Projected Monthly Income | $1,000+/Mo Projected Cash Flow | $190K Appraised Value | Fully Renovated | $80K+ Documented Rehab Work | One Unit Occupied | Two Large 3BR Units Ready for Lease-Up Triplex-style multifamily with a full rehab completed across the property, one unit already occupied, and two oversized 3 bed / 1 bath units ready for lease-up. The rehab included major work such as main roof replacement, new furnaces and hot water tanks, interior paint, drywall repairs, kitchen/bath updates, flooring, lighting, doors/locks, and other improvements. The occupied unit is the smaller top-floor 2 bed / 1 bath unit with 635 sqft, currently rented at $700/month and income-producing, providing immediate rental income. The two vacant 3BR units are significantly larger, with 1,335 sqft and 1,290 sqft, and have not been occupied since the rehab work was completed. Estimated rents for the two vacant 3BR units are $1,200–$1,300/Mo each based on nearby 3BR comps and property management feedback. Prior appraisal documentation showed a $190,000 appraised value and confirmed the prior scope of work was completed per inspection. Seller can provide appraisal completion documentation and rehab work summary to serious buyers. Final plumbing item remaining, quoted by vendor at approx. $3,335. Seller has already completed the major rehab, and unit prep, absorbing the time, cost, and execution risk of the heavy work. The next investor can step in, button up the final item, move directly into lease-up of the two large vacant 3BR units, and move toward a cash-flowing rental property. Seller-provided investment analysis shows $1,000+/month projected cash flow under sample financing and expense assumptions. Supporting documentation available to serious buyers upon request, including full detailed investment analysis with cash-flow model, expense assumptions, cap rate/DSCR/return metrics, rental comps, appraisal documentation, and completed rehab work summary.
Forest Hills, located between East 93rd Street and East 105th Street, is a residential and park-adjacent Cleveland neighborhood with curving streets and a wooded, hillside feel. The neighborhood’s character concentrates around the Forest Hills Park entrances near East 93rd Street, where trailheads, ballfields, and open lawns set a weekend rhythm. Early-20th-century homes—brick colonials, Tudors, and sturdy doubles—line streets that rise and dip toward the park’s ravines. The Cleveland Metroparks’ Forest Hills Park reads as the local front yard, with long sightlines and room for pickup games. Nearby cultural anchors such as the Cleveland Museum of Art and Severance Music Center add a polished, citywide backdrop.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Partial basement
Total of 15 rooms
Bedrooms
Two 3-bedroom units (first floor and second floor)
One 2-bedroom unit (third floor)
Bathrooms
Three full bathrooms (total in building); each unit has 1 bathroom
Heating & cooling
Forced air heating (gas)
Exterior features
Modest lot with public sewer and public water
Home design
Multi-unit building with 3 residential units
Two-story building
Parking
Detached garage
Garage with 4 parking spaces
Construction
Vinyl siding and wood siding
Shingle roof
Built according to public records
Utilities
Public water
Public sewer
Financial info
One unit is leased with rent listed at $700 (lease expires December 31, 2026)
Electricity and solar
View estimated energy costs and solar savings for this home
Repair smoke damage on the first floor. Install new electrical outlets, switches, and lighting fixtures.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 95° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Cleveland, OH • 44108
Average low and high temperatures (°F)
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52
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60
44
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81
70
77
65
73
59
65
51
51
41
39
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
89/ 100
Very good sunlight
Sunscore
This home ranks in the top 25% for direct sun exposure in Cleveland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 974 Eddy Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $97,500 and $175,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $98K to $175K.